Last Friday (March 31st), Live Nation (LYV) CEO Michael Rapino added another $1 million in company stock to his personal portfolio. Anytime an insider trade like this occurs, people assume it’s for one of two reasons: They know something we don’t and are seeking to capitalize on an upcoming announcement, deal, or another outcome. [...]
Yesterday, shares of AMC Entertainment (AMC) jumped 20% higher after it was reported that Amazon is interested in acquiring the company. The entertainment company has been through a tumultuous few years since becoming a meme stock during the pandemic, soaring to as high as $37/share at one point. Today, the stock sits at a [...]
JPMorgan analyst Doug Anmuth recommends that clients "buy pullbacks" because Netflix is still a smart buy. His recommendation comes despite consumer complaints over Netflix's crackdown on password sharing, concerns over short-term subscription decay, and a declining stock price. Although Netflix reached a YTD peak of $369.02 per share on January 26, shares slumped nearly [...]
This morning, Vince McMahon shocked the wrestling world and sent the stock market in a frenzy all at once. The company he founded - World Wrestling Entertainment, or WWE as it’s more commonly known - is going through an internal shakeup that has wrestling fans and investors alike excited. As the controlling shareholder, McMahon [...]
One stock that’s been making noise - and not in a good way - is Spotify. Just under 2 years ago the stock was trading at over $360/share and seemed to be the industry leader in music streaming. Today, the stock sits at less than $80/share - reaching an all-time low of just over [...]
Early this morning AMC stock plummeted 25% in pre-market trading before settling around a 12% loss by 11:30 AM EST. This came after a press release from the entertainment company announcing a $110 million equity capital raise along with a proposed reverse stock split. There are quite a few moving pieces to the [...]
The Manchester United stock has experienced serious volatility in the past week - particularly since Tuesday. The stock has climbed 62% as rumors swirl about the club being sold to a new owner. While it may be tempting to buy into the hype and trade this stock, you’re going to want to see [...]
It’s been a relatively quiet Monday in the stock market - with Disney being one of the few exceptions. This morning, news of an internal shake-up has made waves throughout both the entertainment and financial industries. After 2 years of underwhelming results under CEO Bob Chapek, the company has parted ways and brought back [...]
It’s official - Disney+ has surpassed Netflix in subscribers. Now, take this with a grain of salt - as Disney+ includes ESPN+ and Hulu, two other streaming services the entertainment company owns. Nevertheless, the milestone is an important one - as Disney is poised to take a stronger grip on the streaming space than [...]
